SAN ANTONIO — Locally based Kairoi Residential has acquired The Jax in Northwest San Antonio. JLL’s Robert Arzola, Robert Wooten and Ryan McBride represented the undisclosed seller. Built in 1997, The Jax is comprised of 322 units set on a 19-acre site at 12222 Vance Jackson Road. Floor plans are offered as one-, two- or three-bedrooms. Amenities include a pool, clubhouse, a 24-hour fitness center, a business center, dog park, playground and a package-receiving area.
LACY LAKEVIEW, TEXAS — Concord Summit Capital has arranged a $34 million bridge loan on behalf of Surge Investment Group’s Zoe Apartments in Lacy Lakeview, six miles north of Waco, Texas. The loan is a precursor to a long-term HUD takeout loan once the property reaches stabilized occupancy. Situated on a 10.3-acre site along Interstate 35, Zoe Apartments features six three-story residential buildings with a unit mix offered as one- and two-bedroom floor plans. Amenities include a resort-style pool with a pool house, a clubhouse, grilling areas, two pickleball courts, …
AZUSA, CALIF. — Legacy Partners and PGIM have acquired University Village in Azusa, about 20 miles east of downtown Los Angeles, for $92 million. The 320-unit property sits directly across the street from Azusa Pacific University, which was the seller and had formerly been using the community as a residence hall for students. Mesa West Capital provided a $68.5 million loan to buy the property and finance the conversion of the asset from student housing into a traditional multifamily community, which will include a light value-add program. The new owners …
AUSTIN, TEXAS — ParkProperty Capital has landed a floating-rate refinancing loan for an undisclosed amount for The Albright, a 261-unit community in Austin that was delivered in 2024. JLL arranged the financing through ACRE. The five-story property features 261 units offered as studios and one- to three-bedroom layouts. Amenities include a resort-style pool, a 24-hour fitness center, coworking spaces, a gaming area with pool table, a rooftop deck with views overlooking Austin, an outdoor entertainment area with a grill and a kitchen, a pet park, a bike and package room …
MILWAUKEE — The Annex Group has begun construction of Union at Rose Park, an affordable housing development in the Harambee neighborhood of Milwaukee. The 75-unit community is The Annex Group’s first development in Wisconsin. A number of city, state and federal funding sources, including 4 percent low-income housing tax credits, contributed to the $25.8 million project cost. Leases will be available with a variety of income caps that range from 30 percent of area median income to market-rate rents. The Annex Group will give preference to veteran renters for nine …
FOLSOM, CALIF. — CWS Capital Partners has secured a $53.7 million Fannie Mae loan to refinance Farimont at Willow Creek, a 260-unit community located at 200 S. Lexington Drive in Folsom. The refinancing provided additional proceeds earmarked for planned property improvements. Joe Giordani, Alex Kane, Brendan Golding and Alvin Cao led Northmarq’s Newport Beach debt and equity team. Fairmont at Willow Creek offers one- and two-bedroom apartments with in-unit washers and dryers and private patios or balconies. Amenities include a clubhouse, a pool and spa, a fitness center and a …
DURHAM, N.C., LOVELAND, COLO. — Walker & Dunlop has arranged a $110 million refinancing for Buckingham Cos., an Indianapolis-based real estate investment firm. The sponsor will use the financing, consisting of two floating-rate bridge loans, to refinance existing construction loans on two properties, Plat 4 at Research Triangle in Durham and Plat 10 at the Ranch in Loveland. Both properties were delivered in 2024. Plat 4 at Research Triangle is a 24-unit community consisting of six buildings. Plat 10 at the Ranch is a seven-building complex with 353 units. Walker …
MIAMI — Cushman & Wakefield has hired Roberto Pesant as executive managing director. Pesant will focus on institutional multifamily investment sales and multifamily land transactions in South Florida. Pesant has more than 20 years of experience in Florida commercial real estate, most recently as senior managing director with Berkadia. Pesant joins Cushman & Wakefield’s existing Florida multifamily team led by Vice Chairs Nick Meoli and Mike Donaldson.
PLANO, TEXAS — Texas State Affordable Housing Corp. (TSAHC), DMA Cos. and other stakeholders have opened The Park on 14th, an affordable housing community in Plano with 62 apartments reserved for households earning no more than 80 percent of area median income. TSAHC owns the land and partnered with DMA to develop the community. The development costs were approximately $17.2 million, with the bulk of financing provided by a U.S. Department of Housing and Urban Development (HUD) loan and equity from TSAHC. Amenities at the Park on 14th include community …
BALTIMORE — Baltimore has launched a 15-year housing redevelopment program aiming to restore vacant buildings throughout the city. The plan is backed by $1.2 billion in public-fund commitments and an anticipated $5 billion in private financing. City leaders say the plan will revitalize more than 65,000 properties across Baltimore. The redeveloped homes will be a mix of rental and for-sale housing. The City of Baltimore has approved the plan and public funding, while the Greater Baltimore Committee (GBC), a nonprofit, private-sector business advocacy group, is helping to coordinate private sector …
